Whiting Petroleum Corporation’s (NYSE:WLL – News) production in the fourth quarter of 2009 totaled a record 5.22 million barrels of oil
Whiting Petroleum Corporation’s (NYSE:WLL – News) production in the fourth quarter of 2009 totaled a record 5.22 million barrels of oil equivalent (MMBOE), of which 4.09 million barrels were crude oil/natural gas liquids (78%) and 1.13 MMBOE was natural gas (22%). This fourth quarter 2009 production total equates to a new record daily average production rate of 56,710 barrels of oil equivalent (BOE), compared to the 55,540 BOE per day average rate in the fourth quarter of 2008. Compared to the third quarter of 2009, production rose 2%.
Production in 2009 totaled a record 20.27 MMBOE, or 55,530 BOE per day, compared to production of 17.52 MMBOE, or 47,860 BOE per day, in 2008. The 16% increase in production for 2009 versus 2008 was primarily the result of organic production growth in the North Dakota Bakken and continued response from Whiting’s two CO2 enhanced oil recovery (EOR) projects. [Read the full article]
MIDLAND, Texas–(BUSINESS WIRE)–Concho Resources Inc. (NYSE: CXO – News) (“Concho” or the “Company”) today reported financial and operating results for the three months and year ended December 31, 2009. [Read the full article]